If you want to open a company in Latvia, you can contact one of our specialists with confidence. Our company formation agents in Latvia can explain the types of companies available in Latvia as well as the establishment formalities. In the following lines, you can find out some details about the main types of companies in Latvia. We can help foreigners set up a company in Latvia at any time.
Limited liability company in Latvia or SIA is the most popular business structure. Here’s what you need to know about it:
You can contact our specialists in company formation in Latvia if you are interested in an LLC in this country.
You can also opt for opening a joint stock company in Latvia, a legal entity available for local and international entrepreneurs. One or more shareholders can open a joint stock company in Latvia, and they can be natural persons or legal entities. The minimum share capital for a joint stock company in Latvia is EUR 35,210.
If you are interested in starting a business in Latvia, you can opt for a limited partnership. Two or more members can form this structure based on a partnership agreement. A Latvian LP assumes the liability of at least one member, and to be able to register this structure, a registered business address is needed as well as information about the amount of investment. You can opt for our services if you want to start a company in Latvia.
A general partnership in Latvia is also an optimal business solution for local and foreign entrepreneurs. As in the case of a limited partnership, two or more members are needed to form this business structure. A partnership agreement is also required before incorporation with the Latvian Commercial Register. The difference between the two entities is the fact that in the case of a general partnership, the members involved are directly responsible for the debts and obligations of this structure.
Foreign companies can establish their business presence in Latvia with the help of one or more branches. This must have the name of the parent company and the same activities. An advantage is the fact that opening a branch in Latvia does not require a minimum share capital.
A liaison office in Latvia is the same thing as a representative office. This structure is optimal for business promotion and marketing but without commercial activities. A liaison officer is in charge of various business responsibilities.
If you are interested in company incorporation in Latvia, you must also consider the economic direction of this country. Here are some data in this regard:
Feel free to ask for the services of our accountants in Latvia, if you decide on doing business in this country. We invite you to discuss with us about types of companies in Latvia by contacting us online or by phone.